PER RECENT LEGISLATION, WAIVER OF REQUIRED MINIMUM DISTRIBUTIONS FOR THE 2009 CALENDAR YEAR!

Non-5% owners must begin to receive payments by April 1st of the calendar year following the later of the calendar year in which the employee reaches age 70 ½, or the calendar year the employee retires. Participants age 70 ½ who are 5% owners must begin to receive payments by April 1st of the calendar year following the year in which the employee reaches age 70 ½. Payments subsequent to the initial payment must be made by December 31st each year thereafter.